Welcome to our LIC Surrender Value Calculator, your ultimate tool for calculating the surrender value of your LIC policies. Understanding the surrender value of your policy is crucial if you’re considering exiting your LIC plan before its maturity. Our calculator simplifies this process, providing you with accurate and easy-to-understand results.
What is LIC Surrender Value?
The surrender value is the amount that an insurance policyholder will receive from the insurance company if they decide to terminate the policy before its maturity. This amount depends on various factors such as the duration of the policy, the premiums paid, and the terms and conditions of the policy.
How Does Our LIC Surrender Value Calculator Work?
Using our LIC Surrender Value Calculator is straightforward. You need to input a few details about your policy, such as:
- Policy Term: The total duration of the policy.
- Number of Premiums Paid: The number of premiums you have paid so far.
- Sum Assured: The guaranteed amount payable to the policyholder or nominee.
- Bonus Amount: Any bonuses declared by LIC on your policy.
Once you enter these details, our calculator will quickly compute the approximate surrender value of your policy.
LIC Surrender Value Chart
| Policy Year | Factor |
|---|---|
| 1 | 0.00% |
| 2 | 30.00% |
| 3 | 35.00% |
| 4 | 50.00% |
| 5 | 50.00% |
| 6 | 50.00% |
| 7 | 50.00% |
| 8 | 51.48% |
| 9 | 52.96% |
| 10 | 54.44% |
| 11 | 55.93% |
| 12 | 57.41% |
| 13 | 58.89% |
| 14 | 60.37% |
| 15 | 61.85% |
| 16 | 63.33% |
| 17 | 64.81% |
| 18 | 66.30% |
| 19 | 67.78% |
| 20 | 69.26% |
| 21 | 70.74% |
| 22 | 72.22% |
| 23 | 73.70% |
| 24 | 75.19% |
| 25 | 76.67% |
| 26 | 78.15% |
| 27 | 79.63% |
| 28 | 81.11% |
| 29 | 82.59% |
| 30 | 84.07% |
| 31 | 85.56% |
| 32 | 87.04% |
| 33 | 88.52% |
| 34 | 90.00% |
| 35 & Above | 90.00% |
Why Use Our LIC Surrender Value Calculator?
- Accuracy: Get a precise estimate of your policy’s surrender value.
- Ease of Use: Our user-friendly interface makes it simple for anyone to use.
- Quick Results: Receive instant calculations without any hassle.
- Free to Use: Our calculator is completely free, with no hidden charges.
Benefits of Knowing Your LIC Surrender Value
Understanding your policy’s surrender value can help you make informed decisions about whether to continue with the policy or exit early. This can be particularly useful in managing your finances effectively and planning for future investments.
Try Our LIC Surrender Value Calculator Today!
Don’t let uncertainty about your policy’s surrender value keep you from making the best financial decisions. Use our LIC Surrender Value Calculator today and gain clarity on your policy’s worth. Simply input your policy details and let our tool do the rest.
Thank you for choosing our LIC Surrender Value Calculator. We are committed to helping you make informed financial choices with ease and confidence.
For more tools and calculators to help you manage your LIC policies, visit our LIC Maturity Calculator website. It offers a range of resources to assist you in making informed decisions about your insurance plans.